Don’t Cry for Milei, Argentina: U.S. Economic Canary Has Black Lung.

Don’t Cry for Milei, Argentina: U.S. Economic Canary Has Black Lung.

May 7, 2026 · 19 min

About this episode

The episode discusses the economic situation in Argentina under Javier Milei's leadership and its implications for U.S. politics.

Javier Milei is brash and audacious, and he loves Donald Trump. But in many ways Donald Trump is the one who is following Milei. Argentina has an 18 month head start on Russell Vought’s wet dream of implementing a harsh libertarian doctrine. For a while it looked like everything Milei did was succeeding. He tamed inflation, created an export surplus and got back on track with debt service. Economic shock doctrines that rely on austerity for the masses and corporate giveaways always wind up the same, however. It was only a matter of time. The wheels are coming off Milei’s project this year as inflation is back, money is tight and people are pissed. America’s canary came out of the coal mine with black lung. Resources Buenos Aires Times: Economic activity posts biggest slump since 2023 Argus Media: Argentina inflation eases to 32.6pc in March | Latest Market News Argus Media: Argentina economy has sluggish start to 2026 Peterson Institute for International Economics: Argentina’s fragile monetary framework risks renewed volatility BBVA Research: Argentina Economic Outlook. March 2026 Americas Quarterly: Argentina’s Polarization Threatens Milei’s…

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Organizations: Russell Vought, Buenos Aires Times, Argus Media, Peterson Institute for International Economics, BBVA Research, Americas Quarterly, New York Times, Newsweek, Al Jazeera

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